Former FTX CEO Sam Bankman-Fried Chooses Not to File Post-Trial Motions, Focus Shifts to Sentencing and Potential Second Trial
Sam Bankman-Fried, the ex-CEO of FTX, has decided not to file any post-trial motions and his legal team may pursue claims on appeal after his conviction on seven federal fraud charges. His sentencing is scheduled for March 28, and there is uncertainty about the prosecution's plans for a second trial initially slated for March. Bankman-Fried's incarceration has become a focus in the crypto community's ongoing legal narrative, highlighting the increasing legal scrutiny facing prominent figures in the cryptocurrency industry.
FTX/Alameda related addresses transferred $10.8 million in assets to Wintermute, Binance and Coinbase in the past 11 hours
According to Spot On Chain monitoring on December 1st, FTX and Alameda Research transferred eight assets worth $10.8 million to Wintermute, Binance, and Coinbase in the past 11 hours. These assets include 10 million GMT tokens (approximately $2.58 million), 407,000 UNI tokens (approximately $2.41 million), 5.23 million SYN tokens (approximately $2.25 million), 8.76 million KLAY tokens (approximately $1.64 million), 3.87 million FTM tokens (approximately $1.18 million), 77.77 billion SHIB tokens (approximately $644,000), and small amounts of ARB and OP.
FTX/Alameda related addresses transferred $2.8 million GMT to Wintermute
According to on-chain analyst Yu Jin's monitoring, 5 minutes ago, FTX/Alameda related addresses transferred 10,308,268 GMT (2.8 million US dollars) to Wintermute.
Court approves FTX sale of $744 million worth of Grayscale crypto asset trust shares
On November 30th, FTX has been approved by the bankruptcy court to sell its approximately $744 million worth of cryptocurrency asset trust shares in Grayscale Investments to raise funds to repay billions of dollars in debt to creditors.
FTX approved to sell $744 million of Grayscale assets
FTX has been approved to sell $744 million in Grayscale assets, according to Bloomberg.
The FTX/Alameda address transferred 1.65 million SAND and 33,000 YGG
According to Pai Shield monitoring, FTX/Alameda transferred out 1.65 million SAND and 33,000 YGG.
FTX and Celsius Network transferred 6,500 ETH in the past hour
According to data monitored by Spot On Chain, FTX and Celsius Network have both transferred ETH in the past hour.
TRX worth more than $13.55 million is suspected to have been transferred from the FTX Estate account to an unknown wallet
Whale Alert monitoring data shows that about an hour ago, 129,793,313 TRX (worth $13,550,946) was transferred from the FTX Estate account (possibly by a hacker) to an unknown wallet.
Foresight Ventures hires former founding member of Light Source Capital as new partner of Foresight X, and appoints former FTX corporate communications director as public relations director
On November 28th, Asian cryptocurrency venture capital firm Foresight Ventures announced the hiring of former founding team member Min Xue from Light Source Capital as the new partner of the incubation department Foresight X, responsible for accelerator business, and also hired former FTX corporate communications director Natalie Tien as the public relations director.
FTX address transfers 250,000 SOL to Wintermute
PeckShield monitoring shows that FTX address has transferred 250,000 SOL tokens (worth about $13.6 million) to Wintermute. Alameda address has transferred about 8 million MATIC tokens to CEX including OKX and Coinbase.
